Misc. News

UK Budget 2017: games fund extended, R&D credits boosted and better maths education

The UK government has announced its budget for the next year, including some good news for the video games industry.

Perhaps the most obvious announcement to benefit games firs is a further £1 million to extend the UK Games Fund until 2020, aiding access to finance and business support for early stage video game developers.

Developers should also be able to benefit from the promise of £2.3bn in extra expenditure for R&D. Tax credits in this area will rise from 11% to 12% starting from January 1st, 2018.

Further details about support for the UK’s creative and digital industries will be announced in the forthcoming Industrial Strategy White Paper, which will hopefully include more games-specific allocations of public funds.

More information as well as links to the full reports can be found here